Sensex, Nifty Open Flat; Tata Motors Dips in Early Trade

The Sensex and the Nifty opened the day almost little changed over Wednesday's level even as global cues remained quiet. The Sensex was trading with gains of 39 points, while the Nifty rallied 14 points in early trade.

Leading the set of gainers for a second day in a row were stocks like Hindalco and Dr Reddy's. Other stocks that gained ground were Infosys, ICICI Bank and Hindustan Unilever.

Stocks that lost ground in early trade were Tata Motors and Hero Motor Corp. Shares in State Bank of India were up more than one per cent after the company stock split to Re 1 per share.

Mid cap stocks saw some selling pressure with IFCI, Tata Global Beverages and UPL among the early losers.

Private sector banks also saw some buying support with early gainers being Yes Bank and ICICI Bank. Real estate stocks were subdued in trade and little changed over Wednesday's levels.

Meanwhile, markets in Asia were having a quiet session after the US markets closed flat. US Fed Minutes revealed that the central bank officials were still concerned on low inflation there.